What are the benefits of Wyoming LLCs?
When considering incorporation, each state has its unique advantages and disadvantages. However, two states stand out in the US business arena: Wyoming for LLCs and Delaware for C Corps.
If you’re looking to form an LLC, choosing to incorporate in Wyoming is highly recommended for the following compelling reasons:
1) Superior privacy protections – no need to disclose the identities of your LLC members (or any other personal information).
2) No state income tax.
3) Elimination of franchise taxes.
4) Minimal fees – only $60 annually for the annual report license tax.
For more details, check out the Startxpress Help Center and Blog. If you need assistance, contact us at support@startxpress.io! We’re here to help make managing your business as smooth as possible.
Related Articles
- What To Know Before Starting Your LLC
- LLC vs. C-Corp: How To Choose What’s Best For You
- How to Dissolve Your LLC or Corporation
- What Tax Compliances are required for me?
- Wyoming C-corp or Delaware C-corp
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